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Obama.jpgThe long-term care insurance sector made a powerful enemy last week when presidential candidate Barack Obama called for a wide-ranging federal investigation of reported abuses by carriers of elderly claimants. Just what the industry needs–another high-profile Washington probe of alleged insurer wrongdoing!

I first raised this subject in my blog on March 27, headlined “Another Black Eye.” I said then that even though LTC is not a property-casualty coverage, since the general public doesn’t make any distinction about different insurance sectors, the entire industry will inevitably be tarred with the same brush.

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